Hess Corporation Announces Notes Offering

June 19, 2014 05:53 PM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) announced today that it has agreed to sell
$300 million of 3-year notes with a 1.30% coupon maturing on June 15,
2017 and $300 million of 10-year notes with a 3.50% coupon maturing on
July 15, 2024 in a registered public offering led by J.P. Morgan
Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc., BNP
Paribas Securities Corp. and Goldman, Sachs & Co.

Hess expects to use the net proceeds of the notes offering primarily to
refinance the repayment of its $250 million 7.00% notes due 2014 and
retire various lease obligations, as well as for working capital and
other general corporate purposes.

Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy, nor shall there be any sale of any of the securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. The securities being offered have not
been approved or disapproved by any regulatory authority, nor has any
such authority passed upon the accuracy or adequacy of the prospectus
supplement or the shelf registration statement or prospectus.